Also known as: DDEP · Domestic Debt Exchange Programme · 2022/2023 Domestic Debt Exchange Programme
Verbatim sentences from the source article.
Business & Financial Times
… The Domestic Debt Exchange Programme, persistent currency depreciation, rising credit stress, and compressed margins tested every institution. …
Leadership matters more than the balance sheet: The case of Universal Merchant BankBusiness & Financial Times
… He also pointed to lingering effects of the banking sector clean-up and Domestic Debt Exchange Programme, both of which continue to affect confidence across the financial system. …
Economy out of the valley, not yet on the plateauBusiness & Financial Times
… eir 2024 peaks, remain well above 20 percent at most institutions; a spread of more than six percentage points over the policy rate that reflects risk pricing, liquidity management costs and the residual effects of balance sheet repair following the Domestic Debt Exchange Program …
Real interest rate gap widest among single-digit inflation economies in AfricaJoy Online
… He explained that the broader context of Ghana’s financial sector reforms must be understood in relation to the impact of the Domestic Debt Exchange Programme, which weakened bank balance sheets and left several institutions undercapitalised. …
Ghana’s banking system nears full recovery after debt restructuring shock – IMFThe Chronicle
… The Bank’s operating losses were driven by revenue loss from the Domestic Debt Exchange Programme (DDEP), revaluation losses from the Cedi’s sharp appreciation and high cost of extensive open market operations needed to curb elevated inflation. …
BoG losses will not recur at last year’s scale -Governor AsiamaJoy Online
… The Bank’s operating losses were driven by revenue losses from the Domestic Debt Exchange Programme (DDEP), revaluation losses from the cedi’s sharp appreciation, and the high cost of extensive open market operations needed to curb elevated inflation. …
BoG losses will not recur at last year’s scale — Governor Asiama assuresJoy Online
… This expense was made worse by the Domestic Debt Exchange Programme (DDEP). During thedebt restructuring, the Bank of Ghana took significant losses on its government securities,converting high-yielding government debt into restructured bonds that offered very low returns.As a res …
The Cost of Macroeconomic Stabilization: An Analysis of the Bank ofGhana’s 2025 Financial DeficitBusiness & Financial Times
… The ruling comes as recent IMF report found that most of the 13 banks that recorded capital deficits following the Domestic Debt Exchange Programme (DDEP) had met or exceeded their recapitalisation targets by end-2024, with the majority on track to restore Capital Adequacy Ratios …
Court vindicates Nduom as Appeal ruling exposes fault lines in banking clean-upBusiness & Financial Times
… Ghana’s triumph was anchored on the successful implementation of the complex and highly sensitive Domestic Debt Exchange Programme (DDEP), alongside protracted but ultimately fruitful external debt restructuring agreements with both bilateral and commercial creditors. …
Guarding the gainsBusiness & Financial Times
… Following the Domestic Debt Exchange Programme and broader macroeconomic instability, banks have prioritized capital preservation, asset quality management, liquidity protection, and predictable returns. …
Banks are lending again, but not to the economy that needs it mostThe Ghana Cocoa Board has completed its 2026 payment obligations under Ghana's Domestic Debt Exchange Programme, totalling GH¢2.68 billion. The achievement demonstrates fiscal discipline and COCOBOD's historical role in stabilising Ghana's economy during debt crises.
7 September 2026 · The Ghanaian Times →
The Ghana Cocoa Board has completed its 2026 payment obligations under Ghana's Domestic Debt Exchange Programme, totalling GH¢2.68 billion. The achievement demonstrates fiscal discipline and COCOBOD's historical role in stabilising Ghana's economy during debt crises.
7 September 2026 · The Ghanaian Times →
Government's latest four-year Treasury bond auction attracted GH¢4.46 billion in bids, of which GH¢3.15 billion was accepted. The bond cleared at 12.00% yield, below pre-auction expectations, with a bid-to-cover ratio of 1.41 times.
7 September 2026 · Joy Online →
NDC lawyer Hamza Suhuyini defended Chief Justice Paul Baffoe-Bonnie's visits to state institutions, saying building working relationships with public bodies is an inherent responsibility of the office and should not be viewed as political involvement.
3 September 2026 · Joy Online →
NDC lawyer Hamza Suhuyini accused the NPP of hypocrisy, saying the party previously praised the Chief Justice for speaking against illegal mining but now questions his neutrality after he made comments appearing critical of the government's record on state enterprises.
3 September 2026 · Joy Online →
Both countries are raising minimum capital requirements for banks to improve financial sector resilience and protect depositors. Ghana requires GH¢400 million in paid-up capital for universal banks, while Kenya has increased the statutory minimum core capital for commercial banks from KES1 billion to KES10 billion through phased implementation.
2 September 2026 · Joy Online →
The Ghana Cocoa Board has settled GH¢2.3 billion in outstanding payment obligations to bondholders affected by the Domestic Debt Exchange Programme for the 2026 financial year, bringing its total DDEP payments for the year to GH¢2.68 billion. The Board also previously settled GH¢162 million owed to non-participating Cocoa Bill holders in July 2026.
1 September 2026 · The Chronicle →
Ghana's Cocoa Board has completed its mandatory payment obligations under the Domestic Debt Exchange Programme by settling GH¢2.3 billion owed to bondholders, with total payments to DDEP bondholders in 2026 reaching GH¢2.68 billion including an earlier March coupon payment.
1 September 2026 · Joy Online →
Ghana paid GH¢10.82 billion to Domestic Debt Exchange Programme bondholders on 19 August 2026 entirely in cash, bringing total DDEP payments since 2025 to GH¢41.36 billion. The article traces Ghana's debt crises from independence through the 2022 DDEP, during which the government had to restructure obligations held by domestic banks, pension funds, insurers, institutions and citizens.
1 September 2026 · The Ghanaian Times →
Treasury bill yields fell across the curve after strong investor demand last week resulted in bids of GH¢14.27 billion against a GH¢5.43 billion target, driven by improved liquidity from the Domestic Debt Exchange Programme coupon payment. Analysts expect sustained demand and continued downward pressure on yields in the coming week.
25 August 2026 · Joy Online →
The IMF has called for stronger governance and transparency in Ghana's Domestic Gold Purchase Programme, warning that the scheme has generated significant losses for the Bank of Ghana and contributed to deterioration in its financial position, with the BoG's equity standing at about 7% at the end of 2025.
25 August 2026 · Joy Online →
The government has paid GH¢10.8 billion to bondholders under the Domestic Debt Exchange Programme, bringing the total amount paid since 2025 to GH¢41.36 billion. The Ministry of Finance said the latest payment, the third DDEP coupon payment made fully in cash, demonstrates the government's commitment to meeting its debt obligations in full and on schedule.
20 August 2026 · The Ghanaian Times →
The Government of Ghana has paid GH¢10.8 billion to bondholders under the Domestic Debt Exchange Programme, with the Ministry of Finance noting this is the third DDEP coupon payment made entirely in cash and bringing total payments since 2025 to GH¢41.36 billion.
19 August 2026 · The Ghanaian Times →
The Government paid GH¢10.82 billion to bondholders under the Domestic Debt Exchange Programme in cash on schedule, bringing total payments to investors since 2025 to GH¢41.36 billion. The payment represents the third DDEP coupon settled entirely in cash and reflects the Government's commitment to meeting debt obligations and maintaining fiscal discipline.
19 August 2026 · The Chronicle →
The government has paid GH¢10.82 billion to bondholders under the Domestic Debt Exchange Programme in full and on schedule. This is the third DDEP coupon payment made entirely in cash, bringing total payments to bondholders since 2025 to GH¢41.36 billion.
19 August 2026 · Joy Online →
InvestCorp Treasury Securities Fund invests in government-backed securities including Treasury bills and bonds, alongside selected international treasury securities, to help investors preserve capital and earn competitive returns in shifting market conditions.
10 August 2026 · Joy Online →
An opinion piece argues that ordinary Ghanaians who supplied food items under the Free Senior High School Policy in Q4 2024 are waiting for payment, citing a norm that government pays for fourth-quarter services in the first quarter of the following year. The writer calls for President Mahama to ensure justice for these suppliers.
8 August 2026 · Joy Online →
An opinion piece argues that the ruling National Democratic Congress has prioritized public relations and narrative management as a major policy item, demonstrating exceptional skill in shaping public perception of its governance record over substantive policy delivery.
3 August 2026 · Joy Online →
The ARB Apex Bank is positioning itself to support the transition of community banks under a new microfinance regulatory framework from the Bank of Ghana, which has expanded the bank's supervisory mandate to include microfinance banks, credit unions, and last-mile providers. The bank recorded a Profit Before Tax of GH¢34.56 million in 2025, up 35 percent from GH¢25.44 million in 2024, with total assets rising to GH¢5.40 billion from GH¢2.28 billion in 2024.
2 August 2026 · Joy Online →
The government has projected to accumulate GH¢30 billion in the Sinking Fund by the end of 2026 to prepare for repayment of Domestic Debt Exchange Programme obligations, with the first major maturity falling due in February 2027. As of July 22, 2026, the Fund had accumulated GH¢15.6 billion.
27 July 2026 · The Ghanaian Times →
Finance Minister Dr Cassiel Ato Forson says Ghana will proceed cautiously on international borrowing despite strengthened macroeconomic fundamentals and renewed investor interest, prioritizing debt sustainability. Ghana's debt-to-GDP ratio has fallen to 45 per cent, meeting the statutory target ahead of schedule, and the World Bank-IMF has upgraded the country's debt outlook from unsustainable to sustainable.
24 July 2026 · The Ghanaian Times →
Finance Minister Dr. Cassiel Ato Forson told Parliament that Ghana's recent economic recovery was driven by policy reforms and disciplined economic management, not debt restructuring and IMF support alone. He argued that while the Domestic Debt Exchange Programme and IMF framework provided support, effective implementation of government reforms since January 2025 was the main driver of economic stability.
23 July 2026 · The Chronicle →
The Minority and Majority in Parliament have clashed over Ghana's reported decline in debt-to-GDP ratio to 44 percent ahead of the Finance Minister's Mid-Year Budget Review presentation. The Minority cautioned against celebrating the reduction, arguing that cedi appreciation has artificially improved the figures and warning that currency depreciation could reverse the gains.
22 July 2026 · Joy Online →
Sekyere Community Bank PLC recorded 150% growth in profit before tax for the year ending December 31, 2025, the highest in the Bank's history, despite challenges from locked-up funds and the Domestic Debt Exchange Programme. Shareholders' funds grew 105%, and the Bank is preparing for regulatory conversion and capital requirements under the new Microfinance Framework.
20 July 2026 · The Chronicle →
The Ghana Cocoa Board has announced full settlement of GH¢162 million owed to individual holders of Cocoa Bills who did not participate in the Government's Domestic Debt Exchange Programme in 2023. COCOBOD said the payment resolves outstanding obligations that persisted due to financial challenges following debt restructuring.
15 July 2026 · The Chronicle →
The Ghana Cocoa Board has paid GH¢162 million in full settlement of outstanding obligations to individual holders of Cocoa Bills who did not participate in the government's Domestic Debt Exchange Programme. The payments were delayed following the 2023 DDEP implementation due to financial constraints but have now been completed.
15 July 2026 · Joy Online →
Fiaseman Community Bank PLC posted a profit before tax of GH¢81.5 million in 2025, up 17.12% from GH¢69.6 million in 2024, with total assets surging 38.67% to GH¢1.33 billion and deposits climbing 40% to GH¢1.16 billion. The Board proposed a dividend of GH¢0.14 per share.
6 July 2026 · Business & Financial Times →
Akosua Manu, Advisor on Gender and Social Protection to Dr Mahamudu Bawumia's presidential campaign, challenged presidential staffer Nana Yaa Jantuah for what she saw as insufficient public concern following recent floods that destroyed homes, businesses and infrastructure across several communities, particularly Accra.
2 July 2026 · Joy Online →
Offinso Community Bank Plc recorded strong financial growth in 2025, with profit before tax rising 83.85 percent to GH¢6.53 million and shareholders' funds surging 287.47 percent to GH¢6.46 million. The board chairman attributed the performance to prudent management, customer confidence, and expanded lending to productive sectors, while customer deposits grew 21.99 percent to GH¢80.06 million.
1 July 2026 · Business & Financial Times →
Trading in locally issued US dollar-denominated government bonds jumped to US$35.36 million in the first five months of 2026 from US$739,092 in the same period last year, a surge market participants interpret as a sign of improving investor confidence in Ghana's sovereign debt following the 2023 Domestic Debt Exchange Programme.
29 June 2026 · Business & Financial Times →
Fitch Solutions projects Ghana's inflation will average 12.8% in 2027, up from 6.0% in 2026, due to base effects and cedi pressure from global gold prices, while economic growth is forecast to moderate to 4.7% in 2027 from 5.7% in 2026, constrained by stagnant oil and cocoa production and rising fiscal pressures.
26 June 2026 · Daily Guide →